Elite Financials Demo Account Stopped test
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12.29.2009 We appreciate Elite Financials sharing their trading performance stats with Forex Peace Army community. Please read the message from the company below:
Currencies Traded. We trade one pair, GBPUSD, for up to three sessions per day. We also normally take one trade daily, or an average of 20 trades per month. It is normal to see days with no trading at all. This is because our team of traders filters the trade setups to select those with a high probability of success, without compromise.
Equity Allocation. Our normal practice is to place one trade at a time and follow it to its conclusion before placing another. Depending upon the quality of trade setup, a conservative, balanced or aggressive approach is followed. In a conservative approach, 3.5% of the total equity is used. Similarly for a balanced approach it is 5 to 7% and for aggressive trading our traders use 10% of the total equity.
Entry / Exit Points/ Stop Loss Policy Our aim is always to enter early and close the trade at the very reasonable chance given, to book profit. Our traders always use stop-losses as part of the discipline of trading, but these are not normally placed on the trading platforms. Our stops are determined by the current quality and state of the trade setup, current market behavior and fundamentals, rather than being tied to a specific range of pips. In general our traders use the daily high/low as their stop loss areas, but this is not a hard and fast rule. Sometimes very tight stop losses are adopted. As always the flexibility that this allows demands strict discipline, which our traders follow implicitly.
Technical Analysis and Trading Tools Different technical tools have been tried and tested over the past many years. The set we currently use are those we find to be the most consistent over the years. They consist of our own defined combination of MACD, RSI, Stochastic and closed price trend lines.
NOTE: The MT4 statement may take up to 24 hours to update, open trades are hidden. This delay has been added to keep trades from being copied manually.
Statement GCI Financial Ltd.
Closed Transactions:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Close Time | Price Close | Commission | Taxes | Swap | Profit | Pips |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3418157 | 2009-10-26 06:08 | balance | Deposit | 100,000.00 | 0 | |||||||||
| 3423248 | 2009-10-27 00:04 | sell | 10.00 | gbpusd | 1.64290 | 0.00000 | 0.00000 | 2009-10-27 00:33 | 1.63990 | 0.00 | 0.00 | 0.00 | 3,000.00 | 30 |
| 3422699 | 2009-10-26 22:23 | sell | 10.00 | gbpusd | 1.63820 | 0.00000 | 0.00000 | 2009-10-27 01:33 | 1.63700 | 0.00 | 0.00 | 0.00 | 1,200.00 | 12 |
| 3447557 | 2009-10-28 08:05 | sell | 10.00 | gbpusd | 1.64090 | 0.00000 | 0.00000 | 2009-10-28 09:08 | 1.63830 | 0.00 | 0.00 | 0.00 | 2,600.00 | 26 |
| 3454007 | 2009-10-29 03:46 | sell | 10.00 | gbpusd | 1.65730 | 0.00000 | 0.00000 | 2009-10-29 08:52 | 1.65290 | 0.00 | 0.00 | 0.00 | 4,400.00 | 44 |
| 3456353 | 2009-10-29 11:31 | sell | 10.00 | gbpusd | 1.65560 | 0.00000 | 0.00000 | 2009-10-30 05:22 | 1.64980 | 0.00 | 0.00 | 0.00 | 5,800.00 | 58 |
| View full statement | ||||||||||||||
| 5268635 | 2010-05-04 10:33 | sell | 20.00 | usdjpy | 94.70 | 95.10 | 0.00 | 2010-05-04 21:57 | 94.67 | 0.00 | 0.00 | 0.00 | 633.78 | 3 |
| 5272640 | 2010-05-04 22:00 | buy | 20.00 | gbpusd | 1.51530 | 1.51100 | 0.00000 | 2010-05-05 01:14 | 1.51100 | 0.00 | 0.00 | 0.00 | -8,600.00 | -43 |
| 5311789 | 2010-05-06 12:25 | sell | 20.00 | gbpusd | 1.48660 | 0.00000 | 0.00000 | 2010-05-06 12:30 | 1.48850 | 0.00 | 0.00 | 0.00 | -3,800.00 | -19 |
| 5311812 | 2010-05-06 12:30 | buy | 20.00 | gbpusd | 1.48840 | 0.00000 | 0.00000 | 2010-05-06 19:37 | 1.46440 | 0.00 | 0.00 | 0.00 | -48,000.00 | -240 |
| 5317999 | 2010-05-06 23:57 | sell | 20.00 | gbpusd | 1.47080 | 0.00000 | 0.00000 | 2010-05-07 03:29 | 1.46640 | 0.00 | 0.00 | 0.00 | 8,800.00 | 44 |
| 5322238 | 2010-05-07 04:16 | sell | 20.00 | gbpusd | 1.47280 | 0.00000 | 0.00000 | 2010-05-07 04:22 | 1.47110 | 0.00 | 0.00 | 0.00 | 3,400.00 | 17 |
| 5323159 | 2010-05-07 05:17 | sell | 20.00 | gbpusd | 1.48190 | 0.00000 | 0.00000 | 2010-05-07 05:28 | 1.47710 | 0.00 | 0.00 | 0.00 | 9,600.00 | 48 |
| 0.00 | 0.00 | -9,275.57 | 79,199.03 | 784 | ||||||||||
| Closed P/L: | 69,923.46 | |||||||||||||
Open Trades:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Price | Commission | Taxes | Swap | Profit | Pips | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | 0 | ||||||||||
| Floating P/L: | 0 | |||||||||||||
Working Orders:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Market Price |
|---|
Summary:
| Deposit/Withdrawal: | 100,000.00 | Credit Facility: | 0.00 | ||
|---|---|---|---|---|---|
| Closed Trade P/L: | 69,923.46 | Floating P/L: | 0.00 | Margin: | 0.00 |
| Balance: | 169,923.46 | Equity: | 169,923.46 | Free Margin: | 169,923.46 |
Details:
| Gross Profit: | 528,072.13 | Gross Loss: | -458,148.67 | Total Net Profit: | 69,923.46 |
|---|---|---|---|---|---|
| Profit Factor: | -1.15 | Expected Payoff: | 421.23 | ||
| Absolute Drawdown: | 0.00 | Maximal Drawdown: | 163,894.61 (52.53%) | Relative Drawdown: | 52.53% (163,894.61) |
| Total Trades: | 166 | Short Positions (won %): | 77 (71.43%) | Long Positions (won %): | 89 (77.53%) |
| Profit Trades (% of total): | 124 (74.70%) | Loss trades (% of total): | 42 (25.30%) | ||
| Largest | profit trade: | 40,861.75 | loss trade: | -77,105.50 | |
| Average | profit trade: | 4,258.65 | loss trade: | -10,908.30 | |
| Maximum | consecutive wins ($): | 16 (43,434.90) | consecutive losses ($): | 3 (-60,400.00) | |
| Maximal | consecutive profit (count): | 75,697.67 (8) | consecutive loss (count): | -148,552.69 (2) | |
| Average | consecutive wins: | 4 | consecutive losses: | 1 | |